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Why CBAM will reshape global carbon pricing
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Why CBAM will reshape global carbon pricing
The EU’s Carbon Border Adjustment Mechanism (CBAM) is pushing global industries to adopt stricter carbon pricing systems. CBAM will penalise countries without credible carbon pricing mechanisms, rewarding those with EU-aligned systems by providing market advantages. The mechanism has resulted in businesses increasingly prioritising carbon reduction as a competitive edge rather than a compliance requirement. In 2024, global carbon pricing revenue…
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